Impact of Exchange Rate Fluctuations
Strong dollar
? US exports become expensive and decrease
? US imports become cheaper and increase
Weak dollar
? US exports become cheaper and increase
? US imports become expensive and decrease
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According to structural stagnationists, expansionary monetary and fiscal policy has allowed the economy to address its structural problems and adjust in an expedient manner.
Answer the following statement true (T) or false (F)
The demand schedules for such products as eggs, bread, and electricity tend to be:
A. perfectly price elastic. B. of unit price elasticity. C. relatively price inelastic. D. relatively price elastic.
For this question, assume that individuals do not hold currency (i.e., c = 0). If the ratio of reserves to deposits is .10, the money multiplier is
A) .1. B) .9. C) 4. D) 5. E) 10.
When a pharmaceutical company advertises that its allergy medication is clinically proven to alleviate hay fever symptoms, the pharmaceutical company is engaging in
A. direct marketing. B. trademark protection. C. informational advertising. D. persuasive advertising.